Master of Science in Finance (MSc)Offered by:
John Molson School of Business
Why pursue a Master's in Finance?
The Master of Science in Finance (MSc) is a research-based Master’s degree program. The MSc in Finance equips students with a solid understanding of financial theory and research methodology. Graduates are prepared to build successful careers in research or analysis in the financial sector or in government. The program also serves as excellent preparation for those wishing to pursue their studies at the doctoral level.
Successful applicants to the MSc Finance program have strong quantitative and analytical abilities and a solid understanding of economic theory and research methodology. Ultimately, they apply these skills and knowledge while conducting original research in the form of a master’s thesis, working under the direct supervision of a faculty member.
The MSc program provides excellent preparation for students interested in advanced research who wish to pursue Doctoral studies and a career as a business professor or consultant. The MSc thesis is a major empirical research project that allows students to focus on a specific topic of particular interest and publish their results. Students are encouraged to select a topic addressing a contemporary business problem and apply technical and analytical skills to propose relevant solutions
The MSc in Finance attracts students with strong quantitative and analytical skills who wish to enhance their understanding of economic and financial theory, as well as research methodology. Graduates apply this knowledge to build successful careers in research and analysis in the private and public sectors.
Business majors and those who have majored in psychology, sociology, economics and other non-business areas are welcome to apply.
The MSc program is a 45-credit program offered on a full-time or part-time basis.
Requirements for the Degree
Credits. Fully-qualified candidates are required to complete a minimum of 45 credits.
In the first year of the program, candidates are required to complete a minimum of 24 credits:
- 9 credits of required courses:
MSCA 601: Financial Economics (3 credits)
MSCA 602: Applied Linear Statistical Models (3 credits)
MSCA 611: Research Methodology - Finance (3 credits)
- 15 credits of Finance seminars: (see Finance Seminars).
Upon approval of the Department MSc Finance Advisor and the instructor, up to six credits of electives may include the following:
Seminars in any other JMSB MSc program;
PhD seminar in Finance (ADMI 840-849);
Cognate graduate seminars offered by other departments within the university
- 21 credits, MSCA 699: Thesis
- Undergraduate degree in any discipline with minimum GPA of 3.0
- Depending on background, non-commerce applicants may be required to take supplemental courses*
- Students applying from Canadian universities must have maintained at least a 3.0 average for their final two years of studies. Students from other countries must, in their final two years, have obtained the equivalent, from an accredited university.
- See a listing of international equivalencies
- A GMAT score of 580 or better. This requirement may be waived for candidates who completed an undergraduate degree at a recognized Canadian university with a GPA above 3.7 and have some research experience.
- A student whose primary language is not English must write a pre-admissions proficiency test (TOEFL iBT minimum score 95 or IELTS (Academic) minimum score 7.0 and no part under 6.5) if not exempted as indicated below. Test results must be reported directly to the Admissions Application Centre by the test centre. Results more than two years old will not be accepted as proof of language proficiency.
- Quebec applicants who have completed a Diploma of Collegial Studies (DEC) and a university degree in Quebec;
- A minimum of three full years of study at the undergraduate or graduate level at an accredited university in one of the following countries.
Depending on background, non-commerce students may be asked to take one or more supplemental courses.
View more information regarding the required statistics background.
FINA 385 - Theory of Finance I
FINA 395 - Theory of Finance II
FINA 410 - Investment Analysis
FINA 411 - Portfolio Management
COMM 215 - Business Statistics
COMM 222 - Organizational Behaviour Theory
COMM 215 - Business Statistics
COMM 223 - Marketing Management I
After reviewing the Admission Requirements the following items must be submitted before the application deadline:
- $100 (CAD) Application Fee
A non-refundable application fee paid online by credit card.
- Application Form
Click here to apply online.
- Statement of Purpose
Applicants must provide a Statement of Purpose indicating their reason for choosing the MSc program (specific to Finance, Management or Marketing), their career goals, and how the program will contribute to achieving those goals. Applicants may also state their preliminary research interests. Statement of Purpose should be 500-1000 words in length.
- Curriculum Vitae (CV)
Applicants must include an updated resume.
- Three Letters of Reference*
Applicants must include at least two academic references (i.e. from former professors). The third reference may be from a business reference. A suitable referee is an individual who is well-acquainted with your education and abilities.
When completing your application online, you will be required to enter your referees’ names, affiliated institutions and email addresses (college/university or company mail). Your referees will then receive an email inviting them to complete an electronic assessment form and attach their letter of reference. It is your responsibility to follow-up with your referees to confirm they received this mail from firstname.lastname@example.org.
You are strongly encouraged to submit your application before your program’s application deadline in order to give your referees sufficient time to provide their assessment and letter of reference.
- Official Transcripts*
Please upload unofficial copies of transcripts, from all previous educational institutions, when you apply to Concordia because it speeds up the review of your application.
If you are currently enrolled in school:
Submit the results of previous terms and a list of your current courses
Include mid-year grades if they're available
Uploaded transcripts, however, are not official transcripts. Official transcripts are documents sent directly from an institution to our Admissions Application Centre. Unless otherwise specified, we request official transcripts only once you are admitted.
- Official GMAT Score (minimum of 580)
For information on the Graduate Management Admission Test (GMAT) please visit the GMAT page. You must complete the analytical section of the GMAT also.
- Official English Proficiency Test (where applicable)
A student whose primary language is not English must write a pre-admission proficiency test (TOEFL iBT minimum score 95 or IELTS (Academic) minimum score 7.0), if not exempted as indicated in the admissions requirements. Test results must be reported directly to the Admissions Application Centre by the test centre. Results more than two years old will not be accepted as proof of language proficiency.
- Proof of Canadian Citizenship, Permanent Residence, or Refugee Status (where applicable)
Where applicable, applicants must include a certified copy of their birth certificate, Permanent Resident card, Canadian Citizen Card, or Refugee Status papers. International students must include a copy of their current passport.
*Once requested upon acceptance, official transcripts must be sent directly to Concordia University:
P.O. Box 2002, Station H
Montreal, Quebec, Canada
In-person/courier delivery location:
Graduate Admissions Services
Birks Student Service Center
1400 de Maisonneuve Blvd. West
Montreal, Quebec, Canada